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11900 N Bayshore Dr Unit #1-8, North Miami, FL 33181

$5,500,000

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List Price: $5,500,000
MLS#: A12113344
Status: ACTIVE
Type: Commercial

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Property Description

THIS FULLY RENOVATED 8-UNIT MULTIFAMILY PROPERTY IS AVAILABLE! 5.75% CAP RATE IN PLACE, GOOD CASHFLOW AND DIRECT WATER! THE ONLY ONE OF ITS KIND IN THE AREA. 6 2-BEDROOM UNITS, 2 1-BEDROOM UNITS. ALL UNITS HAVE A WASHER AND DRYER, NEW AC SYSTEMS, APPLIANCES, WASHING MACHINES, AND A BRAND-NEW 86" DOCK & SEAWALL WITH A BOAT PEDESTAL READY FOR A BOAT UP TO 96'! THE BACKYARD HAS BEEN TASTEFULLY REDONE WITH STONE PAVERS, MAKING IT EASY TO MAINTAIN AND ENTERTAIN EVEN ON A MOMENT'S NOTICE! WALKING DISTANCE TO SHOPS, RESTAURANTS, HOUSES OF PRAYER & SHORT DRIVES MIGHT BE THE PEAK, BUT THE FULL SEND IS THE NO FIXED BRIDGES TO GET TO THE OCEAN - BE ON YOUR WAY TO THE BAHAMAS IN LESS THAN 20 MINUTES! COME SEE WHAT ALL THE HYPE IS ABOUT!

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Additional Information

Days on Market: 1
Waterfront Description: Canal Width 1-80 Feet, Intracoastal Front, No Fixed Bridges, Ocean Access
Tax Amount: $48,844
Water Access: Dock Available
Parcel Number: 06-22-28-011-4440
Lot Size: 11,250
Directions: TURN ONTO NE 122ND, DRIVE TILL THE END OF THE BLOCK. IDEALY, USE GOOGLE MAPS.
Address: 11900 N Bayshore Dr Unit #1-8, North Miami
Year Built: 1958
Section: 28